Jet2 reports strong summer trading and signs Boeing deal

Have your say

​The company behind ​leisure airline​ reported strong summer trading and said full-year results will​ ​materially exceed market expectations​.

Dart Group also said it ​has signed an aircraft order with Boeing for 27 Next Generation 737-800s, valued at around ​£1.7bn.

Philip Meeson, ​Dart’s c​hairman and ​c​hief ​e​xecutive,​ told shareholders at Thursday’s AGM: “The good start to the financial year has continued with strong summer 2015 trading in our ​l​eisure ​t​ravel business.

​“​Demand for our package holiday products continues to grow and as a result the number of package holiday customers as a proportion of overall flown customer numbers has increased.

​“​The business has also achieved higher airline ticket yields and load factors than in summer 2014. This performance is against a backdrop of slightly lower seat capacity.​”​

​He added that Fowler Welch, the group’s distribution and logistics business, is trading ahead of last year as it focuses on growing its revenue pipeline.

​He said that in​ view of the continued strong demand for leisure travel package holiday and flight-only products, the board is optimistic that the group’s performance in the year to March 2016 will ​​materially exceed current market expectations.

The company will provide a further trading update in mid-October following the half year end.

​Leeds-based ​ currently operates an all-Boeing fleet of nearly 60 aircraft​. The order for 27 new planes is the ​firm’s first direct Boeing order.

The aircraft will be used to take the company’s package holiday and flight​-only customers to leisure destinations in the Mediterranean​ and​ the Canary Islands​.

They will also fly to a number of popular European leisure cities.

Mr Meeson said: “Today’s order for 27 additional 737-800NGs will be delivered over the next two years and will provide with the necessary cost effective, reliable and comfortable environment to allow us to build upon our already highly successful family-friendly business.

​“​We are extremely pleased to have finalised this order for more of what has already proven to be a popular, aircraft within our fleet.” ​started passenger flights to sunshine destinations from Leeds Bradford Airport in 2003.